Edition:
United Kingdom

Franklin Electric Co Inc (FELE.OQ)

FELE.OQ on NASDAQ Stock Exchange Global Select Market

43.12USD
20 Nov 2018
Change (% chg)

-- (--)
Prev Close
$43.12
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
48,901
52-wk High
$51.35
52-wk Low
$38.45

Latest Key Developments (Source: Significant Developments)

Franklin Electric Reports Q3 EPS Of $0.64 Excluding Items
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Franklin Electric Co Inc ::FRANKLIN ELECTRIC REPORTS RECORD THIRD QUARTER 2018 SALES AND EARNINGS.Q3 GAAP EARNINGS PER SHARE $0.63.Q3 SALES $341.9 MILLION VERSUS I/B/E/S VIEW $342.2 MILLION.Q3 EARNINGS PER SHARE VIEW $0.67 -- THOMSON REUTERS I/B/E/S.Q3 EARNINGS PER SHARE $0.64 EXCLUDING ITEMS.QTRLY CONSOLIDATED ORGANIC SALES GROWTH BEFORE IMPACT OF FOREIGN EXCHANGE WAS ABOUT 8 PERCENT.FOR REMAINDER OF FY 2018 WILL NOT RECOVER IMPACT OF FOREIGN EXCHANGE HEADWINDS EXPERIENCED IN Q3.FRANKLIN ELECTRIC - THERE ARE 2 ISSUES WE BELIEVE WILL RESULT IN 2018 EARNINGS PER SHARE TO BE BELOW CURRENT GUIDANCE OF $2.27 TO $2.37 BEFORE RESTRUCTURING EXPENSES.FOR REMAINDER OF FY 2018 CONTINUED UNCERTAINTY IN SOME INTERNATIONAL WATER SYSTEMS END MARKETS WILL LIKELY CONTINUE..FRANKLIN ELECTRIC - WILL NOT RECOVER IMPACT OF FOREIGN EXCHANGE HEADWINDS WE EXPERIENCED IN Q3 WHICH WE BELIEVE NEGATIVELY IMPACTED EPS BY FIVE CENTS.FRANKLIN ELECTRIC - REVISING 2018 EPS TO NOW BE BETWEEN $2.22 AND $2.26.FRANKLIN ELECTRIC CO - SUDDEN DECLINES IN TURKISH LIRA, SA RAND, BRAZILIAN REAL EXPOSED CO TO SHORT TERM LIABILITY VALUATION ADJUSTMENTS IN AUGUST.FRANKLIN ELECTRIC CO - SEES 2018 FULL YEAR EPS TO NOW BE BETWEEN $2.22 AND $2.26.COMBINED IMPACT OF FOREIGN EXCHANGE REDUCED EARNINGS PER SHARE BY ABOUT $0.05 IN Q3.FY2018 EARNINGS PER SHARE VIEW $2.27 -- THOMSON REUTERS I/B/E/S.FRANKLIN ELECTRIC - CONTINUED UNCERTAINTY IN SOME INTERNATIONAL WATER SYSTEMS END MARKETS WILL LIKELY CONTINUE.  Full Article

Franklin Electric Q2 Earnings Per Share $0.64
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Franklin Electric Co Inc ::FRANKLIN ELECTRIC REPORTS SECOND QUARTER 2018 SALES AND EARNINGS.Q2 GAAP EARNINGS PER SHARE $0.64.Q2 SALES $344 MILLION VERSUS I/B/E/S VIEW $348.7 MILLION.Q2 EARNINGS PER SHARE VIEW $0.69 -- THOMSON REUTERS I/B/E/S.2018 EARNINGS PER SHARE GUIDANCE RANGE IS UNCHANGED AT $2.27 TO $2.37."WE EXPECT OUR 2018 RESULTS FOR BOTH BUSINESS SEGMENTS TO BE ABOVE OUR ORIGINAL EXPECTATIONS"."WE BELIEVE ANNOUNCED PRICING ACTIONS WILL OFFSET ESTIMATED INFLATION AND TARIFFS IN SECOND HALF OF 2018".FY2018 EARNINGS PER SHARE VIEW $2.29 -- THOMSON REUTERS I/B/E/S.  Full Article

Franklin Electric Acquires Industrias Rotor Pump S.A.
Tuesday, 3 Jul 2018 

July 3 (Reuters) - Franklin Electric Co Inc ::FRANKLIN ELECTRIC ACQUIRES INDUSTRIAS ROTOR PUMP S.A..FRANKLIN ELECTRIC CO INC - COMPANY EXPECTS ACQUISITION TO BE ACCRETIVE TO 2019 EARNINGS PER SHARE.FRANKLIN ELECTRIC CO INC - RESULTS OF INDUSTRIAS ROTOR PUMP WILL BE REPORTED IN WATER SYSTEMS SEGMENT BEGINNING IN Q3 OF 2018.  Full Article

Franklin Electric Declares Payment Of Quarterly Cash Dividend Of $0.12/Share
Monday, 23 Apr 2018 

April 23 (Reuters) - Franklin Electric Co Inc ::FRANKLIN ELECTRIC DECLARES PAYMENT OF QUARTERLY CASH DIVIDEND.SETS QUARTERLY CASH DIVIDEND OF $0.12 PER SHARE.INC - REPRESENTS AN INCREASE FROM PRIOR QUARTERLY DIVIDEND OF $0.1075 PER SHARE.  Full Article

Franklin Electric Acquires U.S. Groundwater Distribution Co
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Franklin Electric Co Inc ::FRANKLIN ELECTRIC ACQUIRES U.S. GROUNDWATER DISTRIBUTION COMPANY.FRANKLIN ELECTRIC CO INC - DEAL FOR $9.0 MILLION..  Full Article

Franklin Electric says Q3 GAAP earnings per share $0.52
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Franklin Electric Co Inc -:Franklin electric reports third quarter 2017 sales and earnings.Q3 earnings per share $0.53 excluding items.Q3 GAAP earnings per share $0.52.Q3 sales $311.1 million versus I/B/E/S view $319.5 million.Q3 earnings per share view $0.52 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share $1.88 to $1.92.FY2017 earnings per share view $1.92 -- Thomson Reuters I/B/E/S.Franklin Electric Co Inc - ‍inventory levels at end of Q3 2017 were $301 million versus year end 2016 of $203 million​.Franklin Electric Co Inc - ‍ about $65 million of inventory increase at end of Q3 2017 is due to distribution segment acquisitions​.Franklin Electric Co Inc - ‍ remain cautious about certain international water end markets including Asia Pacific and Latin America​.  Full Article